SOLUTION: can somoene please help me with this:
A note with a face value of $2400 was discounted at 12%. If the discount was $95 find the length of the loan in days.
119 days
120 days
Algebra.Com
Question 168532: can somoene please help me with this:
A note with a face value of $2400 was discounted at 12%. If the discount was $95 find the length of the loan in days.
119 days
120 days
90 days
150 days
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
--->where x is the length of loan in days
240x=95(365)
days
150 is closest to that figure
RELATED QUESTIONS
A 195-day non-interest bearing note dated June 27 was discounted on October 15 at 9 ΒΌ % (answered by mananth)
Hello, can you please help me work out this problem?
Find the list price of if there (answered by bucky)
On May 11, 1993, a note due on January 10, 1994 was discounted at 12.12% simple discount. (answered by CPhill)
Use the ordinary interest method, 360 days, to solve the following word problem. Round to (answered by CPhill)
can you please help me with this question. After a 30% discount, an item sells for... (answered by rfer)
can someone help with this problem please:
Anne purchased a bond for a museum valued... (answered by jojo14344)
Can you please help me with this question? What is the present value of $1,900 discounted (answered by Boreal)
Tia bought a sweater that was discounted for 20% of the original price. She saved $4.60... (answered by Lightning_Fast)
Please help me solve this: Face $1440; dated 5/15/76; due in 120 days; bears interest at... (answered by solver91311)